Company Registration No. 00336665 (England and Wales)
THE NEW WALTON PIER COMPANY LIMITED
Unaudited accounts
for the year ended 30 April 2018
THE NEW WALTON PIER COMPANY LIMITED
Unaudited accounts
Contents
THE NEW WALTON PIER COMPANY LIMITED
Company Information
for the year ended 30 April 2018
Directors
Mr R. Bolesworth
Mrs V. Bolesworth
Company Number
00336665 (England and Wales)
Registered Office
The Downshire
71 Baldwins Lane, Croxley Green
Rickmansworth
Hertfordshire
WD3 3LT
Accountants
Dempsey & Co
The Downshire
71 Baldwins Lane Croxley Green
Rickmansworth
Herts
WD3 3LT
THE NEW WALTON PIER COMPANY LIMITED
Statement of financial position
as at
30 April 2018
Cash at bank and in hand
-
27,839
Creditors: amounts falling due within one year
-
(27,839)
Net current assets
15,891
15,891
Called up share capital
6,676
6,676
Share premium
9,215
9,215
Shareholders' funds
15,891
15,891
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 July 2018.
Mr R. Bolesworth
Director
Company Registration No. 00336665
THE NEW WALTON PIER COMPANY LIMITED
Notes to the Accounts
for the year ended 30 April 2018
THE NEW WALTON PIER COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00336665. The registered office is The Downshire, 71 Baldwins Lane, Croxley Green, Rickmansworth, Hertfordshire, WD3 3LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The Company was dormant this year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over 150 years
Plant & machinery
10% to 30% reducing balance
Motor vehicles
25% reducing balance
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets in the financial statements.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
THE NEW WALTON PIER COMPANY LIMITED
Notes to the Accounts
for the year ended 30 April 2018
Revaluation of Tangible Fixed Assets
Individual freehold and leasehold properties are carried at current year value at the balance sheet date. A full valuation is obtained from a qualified valuer for each property every five years, with an interim valuation three years after the previous full valuation, and in any year where it is likely that there has been a material change in value.
The followings exceptional items are included in sundry expenses:
Exceptional Item 1
Write off (£305824) of connected party loan with Family Amusement Limited Group.
Exceptional Item 2
On the 7th of July 2016 the trade and assets of the company transferred to Walton Pier Limited its parent company the inter company balance £1213844 was written off.
Amounts due from group undertakings etc.
15,891
15,891
5
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
-
27,839
6
Share capital
2018
2017
Allotted, called up and fully paid:
6,676 Ordinary shares of £1 each
6,676
6,676
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Transactions with related parties
None to disclose exemption FRS 8. At 30.04.17 the company is owned by Walton Pier Ltd On the 7th July 2016 Walton Pier Ltd became the parent company of The New Walton Pier Company Ltd. Walton Pier Ltd is owned and controlled by Mr and Mrs Bolesworth.
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Average number of employees
During the year the average number of employees was 0 (2017: 0).